It. Sure. To cost a lot. To do for. G. W. The for. The u. S. Threatens new tariffs against mexico in a bid to curb by gratian the result so far investors are frightened business groups are furious and a top u. S. Economic priority a new nafta deal is now at risk. Also in the show the u. S. China trade war threatens to retry all long established supply chains well show you why by looking at one of american business. Well tell you why farmers helping to fuel chinas extraordinary coffee are so happy. And qatar hastens to rebuild its image after complaints about dismal and deadly working conditions in its new stadiums for the 2022 world cup. Welcomes your Business Update im Stephen Beard thanks for joining us President Donald Trump says he will levy a 5 percent tariff on all mexican imports unless the country curbs migration across the u. S. Southern border by june 10th a tariff could rise to 25 percent in october mexicos president Andres Manuel Lopez Obrador says he will respond with quot
Its image after complaints about dismal and deadly working conditions and its new mega stadiums for the 2022 world cup. Welcome to your Business Update im Stephen Beard thanks for joining us President Donald Trump says he will levy a 5 percent tariff on all mexican imports unless the country curbs migration across the u. S. Southern border by june 10th the tariff could rise to 25 percent in october mexicos president Andres Manuel Lopez Obrador says he will respond with quote great prudence to trumps latest threat and that it wont stop his country from ratifying the new nafta agreement the u. S. Chamber of commerce americas top business lobby as meanwhile said it is considering legal action to stop the move. And lets take a closer look at this with our financial correspondent yens quarter in new york. How are the markets responding to this news. Well quite allergic hardly anybody here on wall street saw this coming and we saw quite a sell of chips down by a good 350 points ending the we
I want to get jones and this is a Business Asia welcome to the u. S. China trade war is taking its toll on global stock market shares are heading south from asia to europe this is beijing gets ready to ramp up retaliation to u. S. Measures blacklisting some quote unreliable foreign firms and hiking tariffs on a range of u. S. Goods starting on june the 1st u. S. Time so where are we up to in this conflict now so far the u. S. Has imposed tariffs on chinese goods worth 250000000000. 00 thats almost half of the goods china sold to the u. S. In 2018 now beijing retaliated by imposing tariffs on 110000000000 Dollars Worth of u. S. Goods entering china and thats almost as much as all of us exports to china in 2018 hours washington keeps up the pressure threatening to raise more tariffs on chinese Goods Beijing has responded by threatening to stop supplies of rare metals crucial for many high take items now meanwhile on the u. S. Doorstep the president on a trump has said he will levy a 5 pe
A 5 percent tariff on all mexican imports unless the country curbs migration across the u. S. Southern border by june 10th the tariff could rise to 25 percent in october mexicos president Andres Manuel Lopez Obrador says he will respond with quote great prudence to trumps latest threat and that it wont stop his country from ratifying the new nafta agreement the u. S. Chamber of commerce americas top business lobby as meanwhile said it is considering legal action to stop the move. And lets take a closer look at this with our financial correspondent yes courts in new york. How are the markets responding to this news. Well quite allergic hardly anybody here on wall street saw this coming and we saw quite a sell off by a good 350 points ending the week mostly on the lowest level on the day and just to put this into perspective weve traded lower for 6 consecutive weeks so that is actually the longest losing streak in about 8 years so certainly not a very good reception here on wall street s
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